What to Know About Trump’s Powell Pressure and Mortgage Rates
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, July 30, 2025.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The Federal Reserve decision to leave rates unchanged Wednesday once again rankled President Donald Trump, who in recent weeks has repeatedly argued that lower interest rates will unlock the frozen housing market.
I’m Claire Ballentine filling in for my colleague Charlie Wells, and this week we’re examining the idea that a Fed rate cut would make homes more affordable.